{"id":141275,"date":"2023-02-13T06:00:05","date_gmt":"2023-02-13T11:00:05","guid":{"rendered":"https:\/\/44.250.171.167\/?p=141275"},"modified":"2023-04-25T08:25:45","modified_gmt":"2023-04-25T12:25:45","slug":"mahindra-mahindra-finance-q3fy23-earnings","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/mahindra-mahindra-finance-q3fy23-earnings\/","title":{"rendered":"Mahindra &#038; Mahindra Finance Q3FY23 Earnings"},"content":{"rendered":"\n<p>Early in the 1990s, <a href=\"https:\/\/44.250.171.167\/symbol\/mmfin\/\" target=\"_blank\" rel=\"noreferrer noopener\">Mahindra Finance<\/a> was founded as a captive lender for Mahindra Utility Vehicles. The firm has expanded into a financial services provider with such a full suite of financial products designed for the neglected client in under-penetrated remote areas, including Mahindra UVs, tractors, and non-Mahindra items.<\/p>\n\n\n\n<p>The product line consists of automobiles and SME finance, that also includes project financing, machinery financing, working capital financing, and bill discounting facilities for SMEs. Automotive financing includes financing for passenger vehicles, trucks, utility vehicles, farm vehicles, commercial vehicles, and construction equipment. Additionally, the business offers fixed deposits, personal loans, and mutual fund distribution to suit its particular clientele.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Financial Results:<\/strong><\/h2>\n\n\n\n<p>Mahindra &amp; Mahindra Fin. Services Ltd.\u2019s revenue in Q3FY23 rose 12% to \u20b9 3,324 crores. Consolidated Profit After Tax came at \u20b9 664 crores showcasing a 33% fall on an YoY basis. In this quarter\u2019s results, the reports suggested that the fall in profits are due to the drastic increase in expenses.<\/p>\n\n\n\n<div class=\"wp-block-image is-style-default\"><figure class=\"aligncenter is-resized\"><a href=\"https:\/\/lh4.googleusercontent.com\/bS_Cm4vzCxxlnwJlVLsBRPhisAxkrkZPQKxtACNBEYDiiQm3ENLQ0M0oyE-TpdwcN5l7kVcRt5Fz6fT3LxttXuMiPxhBwYIE_THXXbclqEXIzoEdYqCvHWFyf5SD3jLg6vRdv8nRwrUfumx8VKxPDRQ\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" src=\"https:\/\/lh4.googleusercontent.com\/bS_Cm4vzCxxlnwJlVLsBRPhisAxkrkZPQKxtACNBEYDiiQm3ENLQ0M0oyE-TpdwcN5l7kVcRt5Fz6fT3LxttXuMiPxhBwYIE_THXXbclqEXIzoEdYqCvHWFyf5SD3jLg6vRdv8nRwrUfumx8VKxPDRQ\" alt=\"\" width=\"-54\" height=\"-60\"\/><\/a><\/figure><\/div>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><em>\u201cSo, over the last 12 to 18 months, we have been very clear about the path that Mahindra Finance is headed in, and that has been around improvement in asset quality, ensuring that we significantly reduce the volatility in asset quality, in driving growth, in bringing in a much stronger management team as the business moves into the future, and to look at data and digital in a way that can really help Mahindra Finance be a leader in technology in financial services. So these are the 4 areas of focus that we&#8217;ve had over the last 12 to 18 months.\u201d<\/em><\/p><cite>&#8211; Dr. Anish Shah, Managing Director &amp; Chairman (<a href=\"https:\/\/www.bseindia.com\/xml-data\/corpfiling\/AttachHis\/049fcd15-e1f2-43d5-b34c-cc964b48283f.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">Q3FY23 Earnings Call<\/a>)<\/cite><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>Early in the 1990s, Mahindra Finance was founded as a captive lender for Mahindra Utility Vehicles. The firm has expanded into a financial services provider with such a full suite of financial products designed for the neglected client in under-penetrated remote areas, including Mahindra UVs, tractors, and non-Mahindra items. The product line consists of automobiles [&hellip;]<\/p>\n","protected":false},"author":1885,"featured_media":135081,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[105,392,1],"tags":[10097],"class_list":["post-141275","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-infographics","category-earnings","category-finance-stocks","tag-financial-service"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2022\/10\/iStock-157509282.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":166870,"url":"https:\/\/alphastreet.com\/india\/mahindra-47-rise-in-profits\/","url_meta":{"origin":141275,"position":0},"title":"Mahindra &#038; Mahindra Financial Services Ltd Q3FY25; 47% rise in Profits","author":"Chirag Gupta","date":"February 14, 2025","format":false,"excerpt":"Mahindra & Mahindra Financial Services Limited (MMFSL), a part of the Mahindra Group,is a NBFC primarily engaged in the business of financing purchase of new and pre-owned auto and utility vehicles, tractors, cars, commercial vehicles, construction equipment and SME Financing. 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